Dividend-payers should prosper in a slow-growth environment
Following five consecutive weeks of gains, equity markets took a break last week and had a relatively quiet week of trading, with stocks ending slightly up. For the week, the Dow Jones Industrial Average was down fractionally, ending the week at 13,992. The S&P 500 Index and Nasdaq Composite fared somewhat better and rose 0.3% to 1,517 and 0.5% to 3,193, respectively. In fixed income markets, yields dropped slightly, with the yield on the 10-year Treasury falling from 2.02% to 1.95%.